The ECB cut its deposit rate deeper into negative territory
and expanded its asset-buying program to 80 billion euros a
month.

"We've been conditioned that the central banks are going to
always bail us out. Whether that bailout will do anything, or
work, doesn't matter at this point," said Matthew Tuttle, chief
executive, Tuttle Tactical Management in Greenwich, Connecticut.

ECB President Mario Draghi is scheduled to hold a conference
at 1330 GMT.